Tullow Oil has announced that it has encountered oil bearing sands at its Vundu prospect in Hoima district.
The Vundu prospect is part of the Block 2 oil exploration region in Western Uganda that spans the districts of Masindi, Hoima and Buliisa.
A statement from Tullow says its Karuka-2 exploration well on the Vundu prospect has been drilled and logged. The well reached a total depth of 897 metres and encountered limited thin-bedded oil bearing sands.
Following the discovery of oil, drilling at the Karuka-2 well will be suspended. The oil rig will then move to drill the Nsoga prospect located at the Victoria Nile Delta, just off the shores of Lake Albert. Tullow says another rig has moved to the Ngassa-2 exploration well.
Ngassa is the largest prospect in the Albertine basin and is expected to take up to 90 days to drill.
The Tullow Exploration Director, Angus McCoss, says that for the remainder of 2009 it will focus on the prolific Victoria Nile Delta, hoping to replicate and extend the successful reservoir cascades encountered last year.